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thought that was amazing. it's a command economy. maybe they can pull it off. if they do it, they can take the whole world with them up, up. >> the governor hinting perhaps the data to be released tonight, tomorrow in china, will be better than expected. hinting at continuing slow growth. slow but it is growth and that's the important thing coming to china. we're getting notes and recognize there's certain china stocks. truck engines. we are seeing that last month was good. now, that's very contrary to what a lot of other retail and people saying retail commentary, distorted by the weather. but this china trade is gaining momentum, not losing momentum. at the same time that i feel that united states is losing momentum. >> interesting comments out of the boe. we knew that central banks doing nothing and governors now saying, qe which they have been pouring on for a long time, going to flatten out at the asset purchase levels and not having the impact. >> china trade. second is housing. i think they haven't done enough to be able to revitalize to be what i regard as the housing part of the g
of stock back. so that is a theme here. but the media showing else the uncertainty about the future economy, we're not sure where we're headed, scattered and so forth. >> this is the nonfiscal cliff, mlts believing in themselves roerm. because you at home don't want to buy it so we'll take it. >> hate to think where we would be without it, without this whole phenomenon during this year. >> bernanke hasn't talked about how that would be balance repair. >> i will tell you right now -- >> i'm trying to be positive. >> forget it, nothing happening in the next six weeks. >> too many holiday parties. >> let's worry, maybe next year. >> five more days until my kids are back. >> reporter: well, folks, happy thursday. this means one week to happy thanksgiving. people here are exhausted. they are trying to find any possible iteration to defying the fiscal cliff. i just talked to a trade never an investment conference that i talk to all the time. he said stock, mutual fun and etf sellers are everywhere in this conference are concerned about taxes and the fiscal cliff. general depression is what's goin
is not struck by the end. year, the u.s. economy would head back into recession, contract by half a percent in 2013. president is scheduled to make remarks on the cliff at 1 p.m. time. speaker boehner will address us. can the president say anything to make this whole week look like a dream? >> that's a tough one. what our lalt friend mark haines used to talk about, we need a capitulation, we need the answer, no, are you kidding? there was a congressman on "squawk" this morning say, yes, don't worry about it. when i hear that i say, no, it's not going to happen. we have to have them worry, as worried as we are. i still see this kind of grover norquist run republican party which would rather not have a tax increase and take the tit titanic down in the name of the country. >> viewers will say, wasn't wednesday a woosh? what qualifies a woosh at this point? in terms of the signs we've seen, isn't that qualified as a woosh. >> you open down and rally between 12 and 1. you get the 10 to 1 ratio. i'm just quoting mark haines. if you saw 20 to 1, you would say, you need to buy it. i need to see hai
ceos and business leaders talking about challenges with the global economy and one of the topics of conversation is likely to be news we are just now getting out of washington. the obama administration signaling that it is expanding the multi-year crackdown on bribes paid by u.s. companies to foreign officials under the foreign corrupt practices act and the administration out with new guidelines, 120 pages. the act that's been in place since the carter administration is too vague and putting u.s. companies at a competitive disadvantage. so now the department of justice and the securities exchange commission out with 120 pages of guidelines talking about what is a bribe, who is a foreign official. we've put all of these guidelines on our website. cnbc.com. you can read more about it. this is again something that business leaders have been clamoring for but they want changes in the law. we'll see if the guidelines are enough to ease their concerns. back to you. >> thank you very much, scott. let's get to it then. the clock is ticking in d.c. today on the fiscal cliff. 1:30 obama wi
an excess of inventory that was a buildup prior to the economic downturn. >> uncertainty from the economy or the fiscal cliff, does that prevent consumers? are you worried about consumers not being willing to buy a time share? >> absolutely. there's a direct correlation between what we call a closing rate or percentage of people that we talk to that actually buy and consumer confidence. and as consumer confidence has a tendency to move, so does their desire to buy a time share. hopefully over time the consumer confidence number will continue to climb and everything will get better. >> you watch washington very carefully over the next few weeks. >> very carefully. it's got us all concerned. we're hopeful that now with the election behind us, they'll start moving in what we hope to be the right direction for the country. >> a pleasure to speak with you. thank you so much. >> thank you very much. >> president and ceo of marriott vacations worldwide. over to you. >> thanks. when we come back, an electric car company believe it is has the right kind of spark. has tesla made the right transitio
.s. economy and what ripple effects it will have globally. there's also of course concern about what's going to come of the eu finance ministers meeting over greece and that's going to be an impact on the markets and we have geopolitics and israel saying they won't take direct hits from syria. that is something that the market has been watching very closely as well. the big story that has long-term ramifications for the u.s. oil industry and for the global energy trade is definitely the report today from the international energy agency where they said that they believe that the u.s. will become the top oil producer in the world by 2020. overtaking saudi arabia. overtaking russia and the fact that u.s. will be self-sufficient by 2035. this is a huge sea change in the debate that we've been hearing about the dependence on foreign oil, about green energy and the fact that we're looking at this share revolution is having an impact not only on oil markets but natural gas markets here in the u.s. and international energy agency highlighting this in their report. back to you. >> thank you very much
Search Results 0 to 5 of about 6